Announcement • 2h
Core Lithium Ltd Announces Board Changes, Effective June 30, 2026 Core Lithium Ltd. (Core or the Company) announced plans for the proposed spin-out of certain Northern Territory and South Australian exploration assets (Assets) to create a new gold exploration company named Axiant Resources Limited (Axiant) through a public offer (IPO) of new shares (Shares) by Axiant. Greg English had advised the Core Board that he will retire as Chair on June 30, 2026. Mr. English will remain as Chair until that time, which is expected to coincide with his appointment as Chair of Axiant Resources Limited. His tenure marks a highly successful 16 year term at Core as Chair, overseeing early exploration initiatives and in 2021, the commencement of open pit mining and ore processing at Core’s Finniss project. More recently, he has supported Core’s recent re-start study for the recommencement of open-pit mining and the development of underground mining of the BP33 deposit at Finniss, and the completion of a $307 million funding package, announced on March 18, 2026. Under Greg’s leadership, Core has grown from a micro-cap South Australian based exploration company into Australia's newest Lithium producer with the recommencement of mining announced on May 20, 2026. The Board resolved to appoint existing non-executive director Malcolm McComas as the new Chair of Core, with effect from the date of Greg’s retirement. In addition, the Board commissioned Derwent Executive Search to identify an additional new director, as part of an ongoing board renewal process.